The operating system for introducer-led growth

Fee-sharing — Frequently Asked Questions

Does RQ support fee-sharing?

Yes, RQ fully supports fee-sharing arrangements between firms. **Fee-sharing capabilities:** - **Agreement recording** – Document fee splits for each referral relationship - **Fixed or percentage fees** – Support for various commercial arrangements - **Calculation automation** – RQ calculates amounts based on recorded outcomes - **Payment tracking** – Log when fees have been paid or received - **Reporting** – See fee obligations and receipts across all relationships **How it works:** 1. Record your fee-sharing agreement with a partner (e.g., 10% of first-year fees) 2. When referrals complete with recorded revenue, RQ calculates the fee due 3. Track the payment status for each fee 4. Generate reports showing all fee activity **Compliance considerations:** Fee-sharing between professional firms is subject to regulatory requirements. RQ helps you maintain proper records of: - The commercial arrangement - Disclosures made to clients - Actual fees paid and received This documentation is valuable for demonstrating compliance with regulatory obligations around referral fees and commissions.

Is fee-sharing automated?

No. RQ tracks agreements and outcomes. Payments remain the responsibility of firms.

Is this compliant?

Yes. Disclosure and consent are built into the workflow.

How does fee-sharing work in RQ?

Fee-sharing in RQ covers the commercial arrangements between firms that refer clients to each other. When you set up a referral partner in RQ, you can record the fee-sharing terms: whether you pay or receive a fee for each referral, the type of fee (fixed amount, percentage, or ongoing trail commission), and the specific amounts or rates. When a referral is created, RQ automatically applies the relevant fee-sharing terms based on the partner and referral type. As the referral progresses — from initial introduction through to outcome — the associated fees are tracked. This means your firm has a clear view of expected referral income (or costs) at any time. For compliance, fee-sharing records in RQ are linked to the consent and disclosure captured for each referral. This creates a complete audit trail: the client was told about the fee, they consented, and the fee was recorded. This is exactly what ICAEW monitoring inspectors look for during reviews. RQ also provides reporting on fee-sharing activity, so you can see total referral income by partner, by period, or by referral type. This is useful for reconciling payments, reviewing partner performance, and reporting referral income in your firm's accounts. The fee-sharing feature is available on RQ's paid plans. It is designed to handle the commercial reality of referral relationships while keeping everything transparent, documented, and compliant with regulatory expectations.